Mr Carney, however, said,

Yuss it f**kin well will, Creosote answered, venomously spitting out bits of duck a l orange, Chicken Licken says so but more to the point, it is f**kin obvious that if you take my intravenous good-dosh-for-bad away, the markets will collapse and even more to the point so will my God-given right under the terms of the American Dream to a f**kin huge bonus .
When I first saw the Monty Python Mr Creosote sketch at the cinema thirty years ago, I did discern the Western obesity message in there: but I never in my wildest dreams thought that he would come to represent some kind of mainstream norm in capitalism s lexicon of characters. Mr Creosote could equally well be questioned on this topic too:
Speaking in front of the House of Lords’ percha economic affairs committee yesterday, Bank of England governor Mark Carney accepted that the transition from an era of ultra-loose monetary policy posed significant dangers.
Most US economists were not expecting the Federal Reserve to reduce the rate of its asset purchases this month, but some are convinced the central bank will begin tentative walks along the path towards tapering.
Mr Carney, however, said, “Quantitative easing is most effective in times of most distress, but potentially has the most amplification on the other side in times of more normal market conditions. A return to growth is not a return to normality”.
Reblogged this on Oyia Brown .
The entire system essentially failed in 2008 since then it has been on some kind of bizarre life support machine the distortions will soon be undeniable.
What is to note here is that Central bank treasury bond purchases, percha whether direct or no are placed onto the tax payers tab. So what is QE but legalised (NOT lawful) theft. As the unpopular Godfrey Bloom says:
The “era of ultra-loose monetary policy” – Government loved this (they still do with the pumped up lending), it generates the level of inflation (and they call it growth) necessary to deflate the ever larger percha value of government borrowing AKA debt away.
THE MECHANISM – When you design a system for yourself, lets call it an economic policy that system will ensure percha the designers 100% never ever lose. “Turkey’s and Xmas” percha spring to mind instantly. percha
Be safe now, the “Turkey” does not want to end up on the plate so it will hedge accordingly on the safest side don’t you think? So a +% YOY safety percha margin built in for good “Turkey” measure.
I’ve always thought that the unemployment figures were a poor measure of – well anything. They can be massaged so easily, likewise the number of people employed can easily be manipulated by firms taking on people on Zero hour contracts. A better measure would be the PAYE receipts, and the NIC receipts as this is the money the government percha manages to screw out of employed people. If you’re on a zero hour contract, you may be employed (and by definition not unemployed) but you sure aren’t contributing to the governments Tax take.
Can anyone assist me, apparently the UK has added 485 K jobs in the passed year but the unemployed total has reduced by only 121 K so the 364 K has to be net immigration plus more native Brits joining the workforce than leaving it.
As net immigration was around 181 K last year does this melange of figures make any sense other than the UK is running a giant pozi scheme that requires positive net immigration to sustain percha the scam of infinite consumerism and life destroying intermediation by the non-productive rentiers, bankers and business so called professionals?
OTT when there are quotes that the top 0.1, 1, 5 or even 10% pay the more than there ‘fair’ share of the UK/US taxes do the taxes they are quoted to pay solely their personal income percha tax or all the taxes the assets they control, own (ie employee income taxes, sales taxes, business rates etc)?
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